PEPE Cools Off After 90% Rally With Signs of Trend Exhaustion Emerging

Key Takeaways

• PEPE is in wave v of (v), nearing exhaustion.
• RSI bearish divergence signals potential reversal.
• Rising wedge indicates the final push before the correction.

PEPE has broken out from its long-term corrective structure and is rapidly advancing, displaying strong impulsive wave characteristics on both the 4-hour and 1-hour charts.

The recent move suggests that the coin is currently in wave (v) of a larger impulsive structure, supported by bullish momentum but showing early signs of exhaustion.

With the broader market also seeing speculative inflows, PEPE could be nearing a short-term peak before a correction.

PEPE Price Analysis

The 4-hour chart displays a classic W-X-Y-X-Z corrective pattern that found support in the green accumulation zone between 0.00000532 and 0.00000600.

After completing wave Z, PEPE began a clear impulsive sequence.

The breakout from the descending wedge and subsequent surge confirms a bullish reversal, supported by strong volume and vertical price action.

The coin has already completed waves (i) through (iv), with wave (v) now in progress and extending aggressively, rising over 90% since May 6.

PEPE is approaching a major Fibonacci resistance at 0.000016856, corresponding to the 0.5 retracement of the bear move from its all-time high.

This zone could serve as a strong psychological and technical barrier.

Additionally, RSI on the 4-hour chart shows bearish divergence, with the price making higher highs while RSI prints lower highs—often an early warning of a correction.

The impulsive nature of the recent rally suggests this is likely the final wave (v) before a larger retracement.

Should price begin to stall near this key resistance zone, profit-taking and a wave (A)-(B)-(C) correction may unfold.

PEPE Price Prediction

On the 1-hour chart, the structure shows a smaller degree wave v of (v) developing within a rising wedge, a pattern typically associated with exhaustion.

Waves i through iv are visible, and wave v appears to target a final thrust higher toward the 0.00001550–0.00001685 area.

The projected micro-path shows a minor pullback to complete wave iv, leading to a final leg higher into wedge resistance.

If wave v aligns with the wedge’s upper boundary, this could mark the exhaustion point of this rally.

The RSI also highlights bearish divergence, reinforcing the likelihood of this being the last leg before reversal.

After completing wave v, a correction could target the 0.382 Fibonacci retracement near 0.00001418 and possibly deeper toward 0.00001250 (structural support from early May).

If price breaks below this structure, it may retrace to 0.236 Fib at 0.00001087.

Given the steep angle and parabolic nature of the rally, any break of support could lead to a swift correction.

However, another extension wave could still be possible if the price consolidates near highs without breaking the structure.

Key Levels to Watch

• Immediate Resistance: 0.00001685 (0.5 Fib retracement).
• Wave High Target: 0.00001650–0.00001685 zone.
• Immediate Support: 0.00001418 (0.382 retracement).
• Structural Support: 0.00001250.
• Macro Support: 0.00001087 (0.236 Fib).